GBP/USD and EUR/JPY is the best combination of two pairs in my opinion. It is the combination of four economies and a trader can have more opportunities if he watch both these pairs.
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GBP/USD and EUR/JPY is the best combination of two pairs in my opinion. It is the combination of four economies and a trader can have more opportunities if he watch both these pairs.
No doubt both these pairs are very good to trade but i like EUR/JPY instead of EUR/USD it give me much better choice with the best combination of pairs. AT one hand i have GBP/USD and on other hand i have EUR/JPY in this way my combination of four economies works very good for me.
eur/usd would be the best pair but it depends sometimes it takes u to loss also but i think history shows if it goes down/up its mostly steady
Now, i have no favourite pair in forex exchange trading. But when i started trading for the first time, i was using only the EUR/USD pair. It worked well for me in those days because i had a knowledge about its prize movements and its economy.
Yes, that same pattern direction in two different pairs is called co-relation in forex trading. It is not simple to do that in forex trading. I like both pairs, they have fast movements, not not too fast like the other most volatile pairs.
I prefer to use pair which is fluctuative enough so it's better if the pair could move upward and downward so many times because we can take advantages from its movement if we had good analysis. And also, it's better to use pair which has low spreads and many traders who used it. I chose EUR/USD and GBP/USD as my favorite.
That was good to use EUR/USD and GBP/USD as main pair because both of those pairs have low spreads and have fast movement. It is good enough to use them all at once because movement of EU and GU are similiar (as overall but it's different in its detail of course). But I didn't like to use GBP/JPY although it has fast movement too, because its spread is so high.
if my favorite of the pair eur / usd, gbp / usd and eur / jpy, but it also depends on the market when there is a good moment I can open a position in another pair.
ye pair har tyrader aur har broker aapko suggest karega
is pair ki movement aur analysis baki har pair ke comparison me easy hai aur basic hai
har new trader ko eur/usd pair se hi trading seekhni chahaiye
I am trading in the EURUSD as this gives us t he good opportunity to make profits if we are able to do the correct study as well as analysis from the markets. So it is imperative to look into the long term perspective and then only decide which pair would be more suitable and the ability to make profits out of it will be more for a trader.